🟢 Planet Labs PBC is trading 4% up today, rebounding from SpaceX IPO pressure amid a broader risk-on rally

Planet Labs PBC is trading 4% up at $32.39 in pre-market, partially rebounding from an 8.8% drop on June 12 tied to capital rotation into the newly public SpaceX.

• The move aligns with a broad risk-on rally in U.S. futures following a tentative U.S.-Iran peace deal.
• The reopening of the Strait of Hormuz has boosted global equities and tech-related growth names, supporting the recovery in the space technology sector.